PSTG Stock Recent News
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Pure Storage stock jumped late Wednesday, after the enterprise data storage company reported Q4 earnings that topped views.
Pure Storage (PSTG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Pure Storage (PSTG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Pure Storage's (PSTG) fourth-quarter performance is likely to have been affected by a delay in the fulfillment of a $41 million non-cancelable product order until next year with a Telco customer.
Evaluate the expected performance of Pure Storage (PSTG) for the quarter ended January 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
A Wall Street analyst boosted the price target on Pure Storage, but the move requires context. However, the analyst also believes consensus estimates may be too low, giving the company the opportunity to beat expectations.
High-profile tech companies, including Google and Pure Storage, have decided to conduct a fresh round of Bay Area job cuts that will affect hundreds of jobs in the region, state records show.
Pure Storage (NYSE:PSTG) layoffs are in the news Friday on reports that the data storage technologies company is cutting 4% of its workforce. These reports claim that the Pure Storage layoffs will see around 275 employees lose their jobs.
The Best Pick And Shovel Vendors For The AI Age: Pure Storage, Nutanix And Snowflake
I find Pure Storage's investment case compelling, focusing on its valuation dynamics. Despite a recent adjustment in revenue growth projections, transitioning from mid-teens to 8-10% CAGR, Pure Storage's updated guidance hints at around 22% non-GAAP operating margins in fiscal 2025. The valuation, at 22x free cash flow, gains appeal when considering Pure Storage's robust financial position, with nearly 10% of its market cap consisting of net cash.